The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021

Third excepted caseE+W

This section has no associated Explanatory Memorandum

244.  The court’s permission under section 216(3) is not required where the company there referred to, though known by a prohibited name—

(a)has been known by that name for the whole of the period of twelve months ending with the day before the institution went into special administration, and

(b)has not at any time in those twelve months been dormant within the meaning of section 1169(1), (2) and (3)(a) of the CA 2006.

Commencement Information

I1Rule 244 in force at 12.11.2021, see rule 2